Joyoung(SZ:002242)2023-04-25 16:00Financial Performance - The total revenue for the first quarter was CNY 1,892,190,788.93, representing a decrease of 18.74% compared to the same period last year[17]. - The net profit attributable to shareholders was CNY 121,389,403.14, down 26.98% year-over-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 116,958,852.23, a decrease of 25.63% compared to the previous year[17]. - Total operating revenue for the current period was ¥1,892,190,788.93, a decrease of approximately 18.7% compared to ¥2,328,527,536.97 in the previous period[25]. - Total operating profit decreased to $137,693,976.73, a decline of 27% from $188,367,301.25 in the previous period[38]. - Total comprehensive income for the period was ¥126,720,301.04, down 20.56% from ¥159,600,546.29 in the previous period[28]. - Net profit for the current period is $122,119,817.03, a decrease of 25% compared to $162,677,352.27 in the previous period[38]. Earnings and Shares - The basic earnings per share were CNY 0.16, a decrease of 27.27% year-over-year[17]. - The diluted earnings per share were also CNY 0.16, reflecting the same percentage decrease as basic earnings[17]. - Basic and diluted earnings per share decreased to ¥0.16 from ¥0.22, representing a decline of 27.27%[28]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 306,900,520.10, down 38.08% from the same period last year[17]. - Cash inflow from operating activities totaled ¥2,875,086,685.06, a decrease of 14.53% compared to ¥3,365,280,209.93 in the previous period[28]. - Cash outflow from operating activities was ¥2,568,186,164.96, down 10.51% from ¥2,869,610,469.83[28]. - Cash and cash equivalents at the end of the period totaled $1,540,823,465.63, down from $2,136,476,269.43, indicating a decrease of approximately 28%[42]. - Cash and cash equivalents at the end of the period increased by 38.26% to ¥2,170,363,147.36 from ¥1,569,780,561.99 year-over-year[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,299,838,075.42, an increase of 3.18% from the end of the previous year[17]. - Current assets totaled ¥5,174,926,418.63, an increase of approximately 4.8% from ¥4,936,289,485.25 at the beginning of the year[24]. - Total liabilities amounted to ¥3,846,653,596.99, an increase of approximately 2.6% from ¥3,748,298,773.30[25]. - Total equity attributable to shareholders reached ¥3,439,064,123.03, up from ¥3,313,074,235.88, indicating a growth of about 3.8%[25]. - The company reported a decrease in accounts payable to ¥1,435,664,971.99 from ¥1,890,029,094.22, a reduction of approximately 24.0%[25]. Expenses - Total operating costs for the current period were ¥1,759,501,873.53, down from ¥2,139,608,721.45, reflecting a reduction of about 17.8%[25]. - Research and development expenses amounted to $84,611,337.07, down from $88,441,844.05, reflecting a reduction of approximately 4.5%[38]. - Tax expenses for the current period were $15,262,466.04, down from $25,702,572.30, representing a reduction of about 40%[38]. - The company’s sales expenses decreased to $236,603,248.25 from $256,877,422.54, a reduction of about 7.9%[38]. Other Financial Metrics - The weighted average return on equity was 3.64%, down 0.19 percentage points from the previous year[17]. - The company reported a government subsidy of CNY 3,043,441.97, which is closely related to its normal business operations[17]. - The company reported a net cash inflow from investment activities of $63,304,715.71, a significant improvement compared to a net outflow of $75,467,391.13 in the previous period[42]. - Financial expenses decreased significantly by 96.72% to -¥9,254,867.05, attributed to increased interest income[32]. - The company recorded investment income of $9,816,415.26, down from $14,890,821.06, reflecting a decrease of approximately 34%[38]. - The company reported a 188.98% increase in fair value changes, reaching ¥2,218,988.14 compared to -¥2,493,895.04 in the previous period[32]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[26].